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Short-term uncertainty from the General Election result has caused a deterioration of consumer confidence in the housing market, according to a report from the Building Societies Association out today.
Building societies continued to approve one in three new mortgages across the UK in the first three months of 2017, and to provide a third of loans made to first time buyers.
Jonathan Westhoff, Chief Executive of the West Bromwich Building Society, has been elected Chairman of the BSA.
At the Building Societies Association (BSA) annual conference in London today, Chief Executive, Robin Fieth, will call on political party leaders to make housing reform a priority for the next Government.
A new study by the International Longevity Centre-UK (ILC-UK), supported by the Building Societies Association (BSA) has found that borrowing into older age is likely to move from niche to mainstream within the next decade.A new study by the International Longevity Centre-UK (ILC-UK), supported by the Building Societies Association (BSA) has found that borrowing into older age is likely to move from niche to mainstream within the next decade.
The British Bankers’ Association (BBA), the Building Societies Association (BSA) and the Tax Incentivised Savings Association (TISA) committed that for 2017, a minimum of 80% of cash ISA transfers would be completed within seven working days.
Consumer expectations about house prices have bounced back to pre-EU Referendum levels, making affordability a key concern for buyers, BSA Property Tracker results reveal.
New data shows that building societies give the UK’s hard pressed savers a better deal than other deposit takers do.
Independent research from Savingschampion.co.uk issued today shows that building societies continue to demonstrate that they offer greater value to long-suffering savers than banks.
Building societies provided almost one in three mortgages approved in the final quarter of 2016. Collectively they approved 109,543 new mortgage loans, up 7% on the same period in 2015. Consumers saved less in Q4 than they did the previous year but balances still rose by £2.9 billion.
There is no one silver bullet to solve the UK’s ‘broken housing market’. Today the BSA welcomes the Housing White Paper as a positive first step towards a more joined up approach to housing and, we hope, the beginning of a coordinated government strategy.
Consumers are unsurprisingly concerned that stability in the housing market could be affected next year by increased living costs and rising interest rates, the latest Property Tracker survey results reveal. The Post-Referendum bounce-back in confidence has been short-lived, with fewer consumers viewing now as a good time to buy property than three months ago.